Vrundavan Plantation Limited IPO Opens on 30th October, 2023

Equity Share Allocation

● Non-Institutional Investors (NII) – Up To 6,72,000Equity Shares

● Retail Individual Investors (RII) – Up To 6,72,000 Equity Shares

● Market Maker – 72,000 Equity Shares

The net proceeds from the IPO will be utilized to Repay Working Capital and Unsecured Loans, Meet Working Capital Requirements, and for General Corporate Purposes. The issue closes on 01st November, 2023.

The Lead Manager to the Issue is Interactive Financial Services Limited. The Registrar to the Issue is KFINTechnologies Limited.

Mr. Upendra Tiwari, Managing Director of Vrundavan Plantation Limited said, “I am pleased to announce this significant milestone for Vrundavan Plantation Limited. Our journey, deeply rooted in environmental conservation and sustainable practices, has reached a pivotal moment with this IPO. This offering not only reflects our company’s growth but also underscores our unwavering commitment to preserving the environment. 

The net proceeds from the IPO will be utilized to Repay Working Capital and Unsecured Loans, Meet Working Capital Requirements, and for General Corporate Purposes.”

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